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TURKISH TAXATION SYSTEM

TURKISH TAXATION SYSTEM. ( I N GENERAL). TAXES ACCORDING TO ECONOMIC RESOURCES. Taxes on Income Income tax , Corporate income tax Taxes on Capital Property Tax , Motor Vehicle Tax , Inheritance and gift tax Excise Tax

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TURKISH TAXATION SYSTEM

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  1. TURKISH TAXATION SYSTEM (IN GENERAL)

  2. TAXES ACCORDING TO ECONOMIC RESOURCES • Taxes on Income • Incometax, Corporateincometax • Taxes on Capital • PropertyTax, Motor VehicleTax,Inheritanceandgifttax • ExciseTax • Value AddedTax, Special ConsumptionTax, BankingandInsuranceTransactionsTax

  3. ASSESSMENT AND COLLECTION ON THE BASİS OF TAX TYPE TAX TYPE ASSESSMENT (Billion) COLLECTION RATIO (%) INCOME TAX 5,3 82,61 CORPORATION 2,7 59,33 INCOME TAX MVT 9,5 93,74 SCT 87,2 98,26 IGT 467 million 83,79 VAT 81,1 90,59 BIT 8 100

  4. TAX CALENDAR The Tax Calendar prepared by Revenue Administration (GİB) in which information about legal terms of tax return and payment is published on internet and printed as a brochure in December of each year.

  5. Methodsof Tax Collection

  6. PublicReceivablesCollected by Revenue Administration (GİB) Morethan 300 differenttypes of claimssuch as; • Taxes, duties and charges • Tax penalties • Administrativefines • Judicialfines • Legal expenses • Publicclaims • Latefees Revenue Administration (GİB) Tax offices General Directorateof Accounting fiscaldirectorateare entitled in theprosecutiontheseclaimscollected.

  7. Methods of Payment Which methodsmust be apply in thecollection of public receivables is enacted. Cash payment or payment withchequeto pay desk is the general method of payment. Special methods of payment • Payingthroughthebank • Payment withcheque • Payment through post office. • Payment viamakinga remittance. • Payment by creditcard, bank card and others.

  8. DEPOSITING OF THE COLLECTIONS BY TAX OFFICES INTOTHEACOUNT OF TREASURY 1 - Foreach of taxofficesby the end of the day – tobranchZiraatbank, 2 - BranchesZiraatbank Central Branch of Ankara InternalPaymentAccount of Treasury, 3 - InternalPaymentAccount of Treasury Central Bank.

  9. PROTOCOLS MADE BY OUR PRESİDENCY AND THEIR WORKING PROCESS • A bank, on thebasis of claimsentitledtocollect; Cash 3,7 days Collection bycreditcard 20 thday transfersintoaccount of Treasury. • No fee, commission, interestetc. • Collection by GeneralDirectorateof TurkishPost(PTT) aretransferedinto accountof Treasury3,7 days • A Bank transfersinformationaboutcollection in cash, accountorbycreditcardtoRevenue Administration (GİB) on thefollowingdayby 12:00 sendvia internet.

  10. TaxOfficesAutomationProject (VEDOP) VEDOP is acollection of projects holding large number of projects. Theseprojects; • Electronic TaxOfficesAutomation (E-vdo) • İnternet Tax Office • E-Declaration • E-Collection • Paymentby Virtual POS • Administration (GİB) İntranet • E- Lien • İnternet Services • Value AddedTaxRefund Risk Analysis • E- İnvoice • E-Book • E-Ticket • E- Archive • E- Notification • EBTİS

  11. THEREPORTSPRODUCEDUNDERVEDOP • Accrual, • Collection, • Cash • Bank • TurkishPost (PTT) • CreditCard • TaxType • Sector, based on taxpayeranalysis • Risk assessment data • interactivereporting Thisoffers instant statistical information.

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